Finance

quasi-money

Turkish: Yari Para (Quasi-Money)

English Definition

Highly liquid financial assets that are not themselves a means of payment but can be converted into cash quickly and at low cost, and are therefore included in the broad definition of the money supply; time deposits, money-market funds and short-dated treasury bills are typical examples. Movements in the volume of quasi-money signal the economy's liquidity preference; in project finance placing reserve-account balances in quasi-money instruments must earn a yield on idle cash while preserving the immediate liquidity access that lenders require.

Türkçe Tanım

Dogrudan odeme araci olmamakla birlikte dusuk maliyetle ve kisa surede nakde cevrilebilen, dolayisiyla para arzinin genis tanimina dahil edilen yuksek likiditeli finansal varliklardir; vadeli mevduat, para piyasasi fonlari ve kisa vadeli hazine bonolari tipik orneklerdir. Yari paranin hacmindeki degisim, ekonomideki likidite tercihinin bir gostergesidir; nitekim proje finansmaninda rezerv hesaplarinda tutulan fonlarin yari-para araclarinda degerlendirilmesi, atil nakde getiri saglarken kredi verenlerin talep ettigi ani likidite erisilebilirligini de korumak zorundadir.